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Bill Ackman Believes Mild Symptoms of Omicron Variant Positive for Equities
Popular investor Bill Ackman believes that stocks would benefit should the COVID-19 Omicron variant would only cause mild symptoms, Markets Insider reported. Ackman took to Twitter to say that while...
Read morePlant-Based Meat Alternatives Sales See Drop Following Lockdown-Driven Surge
Plant-based meat alternatives have started to see a drop in sales following the surge brought about by the COVID-19 pandemic in 2020, FT reported. Data released by retail data group...
Read moreBlack Friday Crowds Record Double-Digit Growth Amid ‘COVID Fatigue’
American shoppers drawn to physical stores over the Thanksgiving holiday weekend grew by double digits versus the same period last year, WSJ reported. RetailNext reported a 61% growth in-store traffic...
Read moreNissan to Invest 2 Trillion Yen in Long-Term Roadmap Ambition 2030
Japanese carmaker Nissan Motor Co. Ltd. is set to invest 2 trillion yen over the next five years as part of its Ambition 2030 long-term vision, the company announced in...
Read morePinduoduo Shares Plunge on Missed Revenue Estimates
Shares of Chinese e-commerce giant Pinduoduo Inc sank nearly 19% after the company missed quarterly revenue estimates, according to a press release by Pinduoduo on Friday. Pinduoduo posted total revenue...
Read moreBeijing Intensifies Pressure on Tech Industry With New Proposed Ad Rules
China’s market watchdog proposed new rules that would tighten online advertising oversight, including ads that should not mislead users, according to a report by Reuters on Friday. Chinese authorities have...
Read moreUber Enters the Cannabis Market, With Orders in Ontario
Uber is entering into the marijuana market, as Uber Eats users in Ontario, Canada, will now be able to purchase cannabis products on the app, according to a report by...
Read moreBest Buy Raises FY22 Guidance as Q3 Sales Surge 2%
Best Buy Co., Inc. domestic revenue in the third quarter of 2022 rose 1.2% from the prior year to $10.99 billion. The revenues were boosted by comparable sales, which increased...
Read moreXPeng’s Third-Quarter Revenues Grew 187.4% YoY to RMB 5, 719.9M
XPeng posted a record high revenue of RMB 5.72B ($888M) in Q3, up 187% YoY and above Wall Street’s estimates of RMB 5.21B, according to a news release by XPeng...
Read moreAxie Infinity DEX, Katana Surges by 4,615,280 Percent in the Last Two Weeks
Axie Infinity is growing wildly in the GameFi space as the network continues to expand, according to a report by Ambcrypto on Friday. Axie Infinity unveiled their Ethereum link to...
Read moreTesla Likely to Hit $1,400 on Expected Growth in EV Market to $2.5T, Says Top Analyst
Dan Ives has upgraded his price forecast on Tesla’s stock, believing the automaker is poised to contribute to the growing EV market, according to a report by electrek on Friday....
Read moreAlibaba Q2 Earnings Per Share Plunge 38% YoY as Revenue Miss Estimates
Alibaba reported Q2 results that missed revenue and earnings estimates, as slowing economic growth in China, according to a press release by Alibaba on Thursday. The revenues of the company...
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